Personal Finance and Investments - A Behavioural Finance Perspective
By Keith Redhead
ISBN: 978-0-415-42862-0
Published by: Routledge
Publication Date: 2008
Pages: 936
Contents
1 Introduction 1
2 The psychology of personal investment decisions 13
PART 1 Basics of Money,Bond,and Property Markets 53
3 Interest rates and money market investments 55
4 Investing in bonds 72
5 Property investment and mortgages 87
PART 2 Basics of Stock Markets 115
6 Stock exchanges 117
7 Stock indices 131
8 The rationale and conduct of regulation 145
PART 3 Institutional Investments 161
9 Mutual funds(unit trusts,OEICs,investment trusts)163
10 Life assurance and assurance-related investments 202
11 Pensions 214
12 The importance and significance of institutional investors 242
PART 4 Capital Market Theory 259
13 Portfolio diversification 261
14 Capital market theory:The capital asset pricing model 301
15 Capital market theory:Alternatives and criticisms 318
PART 5 Portfolio Management 329
16 Styles of portfolio construction 331
17 Evaluating the performance of fund managers 368
PART 6 Investment Analysis 391
18 The economic environment 393
19 Dividend discount models 410
20 Company accounts and economic value added 426
21 Ratio analysis 438
22 Technical analysis 454
PART 7 Market Efficiency 477
23 Market efficiency:Concepts and weak form evidence 479
24 Noise trading and behavioural finance 494
25 Market anomalies 513
26 Further evidence on market efficiency 528
27 Stock market bubbles and crashes 540
PART 8 Stock Index Futures 569
28 Stock index futures 571
29 Stock index futures prices 581
30 Hedging with stock index futures 594
PART 9 Stock Options 605
31 Stock options 607
32 Speculation with stock options 622
33 Hedging with options 632
34 Structured products 647
35 Warrants,convertibles,and split-caps 669
36 Option pricing and the Black-Scholes model 680
37 Variations on the basic Black-Scholes option pricing model 690
38 The binomial option pricing model 711
PART 10 International Investing:Using Currency Derivatives 727
39 Currency forwards,futures,swaps,and options 729
PART 11 Bond and Interest Rate Analysis 749
40 Bond prices and redemption yields 751
41 Duration and risk 763
42 Bond price convexity 779
43 Bond futures 785
44 Yield curves and interest rate futures 804
45 Interest rate swaps 820
Glossary 826
References 856
Index 890



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